Dudley ups lending by 68pc
The society, which conducts its lending exclusively through intermediaries, made £887,000 in pre-tax profit, up from £556,000 in 2014.
Jeremy Wood, Dudley’s chief executive, said: “I am delighted to be reporting a year of such strong financial performance for the year.
“Most importantly, our strategy of intermediary only lending has borne fruit with a massive increase of 68% in mortgage completions.
“Much thanks goes to our intermediary partners and the whole team at head office, who have worked hard together while the new system was brought online and kept the processing running smoothly.
“Vitally, we continue to be true to our long-term ethos of providing value for our members as we remain at the heart of the community we serve.”